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WORKING PAPERS
October 14, 2021
How many immigrants with less than university education, for a given immigration quota, maximise economic output? The answer is simple—zero—in the canonical model of the labour market, where the marginal product of a university-educated immigrant is always higher. We build an alternative model, foll...
WORKING PAPERS
June 14, 2021
There will be 95 million fewer working-age people in Europe in 2050 than in 2015, under business as usual. The paper compares business as usual estimates of inflows to 2050 with the size of the labor gap in Europe. Under plausible estimates, business as usual will fill one-third of the labor gap. Th...